Articles

For the second time in a year, the Administrative Court canceled a plan to build 3,000 apartments southeast of Ashdod Port, which was twice approved by the National Planning and Building Committee and promoted by the Israel Lands Authority. This is a huge plan to build a new neighborhood known as Lachish Park, on a 612 acre site where Ashdod's new football stadium is to be built. The ruling will force the state to appeal to the High Court or completely cancel the plan. At the beginning of the year, the Be'er Sheva Administrative Court received a petition from the Manufacturers...

75% of the Jewish public in Israel purchases products from sites in Israel and abroad, according to a new survey conducted by the Israel Post Company ahead of the shopping holidays. The survey was conducted through the Shiluv I2R Research Institute in November 2019, in a national sample of 506 men and women from the adult Jewish population. By using the iPanel Internet Surveillance Panel, which covers 130,000 people, and the largest in Israel, 78% of shoppers on the various trade sites intend to order NIS 617 on average during the holiday season, twice the normal holiday. 11 when 65% of...

The National Insurance Institute publishes the 2017 Wage and Income Survey and it turns out that Jerusalem residents are at the bottom of the list when it comes to earning a job. Of the major cities defined as cities with more than 200,000 residents, Jerusalem is at the bottom of the list. The average wage of workers in the capital of Israel reaches eighty-one and a half percent of the average wage in the economy. The average wage in August totaled NIS 10,808, an increase of 2.5% compared to last year. Since the beginning of 2018, the average wage in the economy is higher than NIS 10,000...

The telecommunications and cable company HOT concluded the third quarter of 2019 with revenue stability, crossing the threshold of one million customers in stationary products. This is according to reports by Patrick Drehi's Altice Europe Altice Europe company, which controls the HOT. Quarterly EBITDA fell 14% year-on-year to € 93 million, which also includes TAT ​​- Altis's technician company in Israel. The company's revenues in the third quarter were € 246 million, down 1.6% on the same quarter. The company noted that the decline was due to continued competition in the company's...

Chamber of Commerce president Uriel Lin is furious at the unfair competition, claiming that Amazon is running "Amazon's operation in Israel is designed to destroy competitors." In a letter sent to the Competition Authority, Michal Halperin Lin claims that the limited deal with which Amazon went out, which offers free shipping in Kenya for more than $ 49 on Chinese Bachelor Day, created a state of unfair and unequal competition and the introduction of unfair competition Eliminate retailers who don't have Amazon's resources. " Commentators estimate that Uriel Lin is not really furious about...

Veteran Veteran communications equipment company ECI, controlled by Shaul Shani, reports a merger agreement with Ribbon Communications for 32.5 million shares of Ribbon, plus $ 324 million in cash. In addition, as part of the agreement, ECI's shareholders will receive up to $ 31 million for real estate assets owned by the company. Sovereign investors, who operate in the field of secure cloud communications, are responding harshly to the move. Its stock (NYSE: RBBN) plunged NASDAQ by about 25%, reflecting a market cap of $ 347 million. The deal, including the stock component, reaches $ 486...

The Ministry of Environmental Protection imposed a monetary sanction of NIS 1.1 mlilion on Zohar Dalia plant at the kibutz "Dalia" for various violations, which led to the addition of emissions of air pollutants. The plant located in Kibbutz Dalia in Ramat Menashe is a chemical plant for the production of raw materials for the detergents and cleaning products, toiletries and cosmetics. Following routine chimney sampling and citizen reports of the accumulation of white powdery sediment on surfaces and vehicles throughout Kibbutz Dalia, various violations have been discovered, which can...

The tax authority has started chasing Israelis holding accounts abroad. The Authority began investigations following information transmitted to Israel as part of the extensive exchange of information with European countries. The Tax Authority has arrested three Israelis - Aharon Winkler, Shai Tzur and Maya Bankov-Tzur - on suspicion of failure to report overseas bank accounts and other tax offenses. The three were arrested as part of two different investigations conducted by Diamond Unit and Mole Investigator Haifa and Northern Investigations, after their names were included in a list of...

Income inequality in Israel increased in 2018 after three years of decline - according to data on households' expenditure and income published by the Central Bureau of Statistics on Tuesday. According to the data, the Gini income inequality index rose to 0.355 points (up from 0.351 points in 2017). The figures also show that the most significant increase was recorded in the average health expenditure of an average family in 2018, and that the share of Israel's top decile in net monetary income increased, approaching a quarter of the total income of the deciles. In the lower three deciles,...

Israel Aerospace Industries earnings increased in the third quarter of the year, to $ 32 million, compared to a net loss of $ 21 million in the corresponding quarter last year, according to the company's financial statements for the third quarter of the year. The reports show that the IAA's operating profit increased by $ 42 million in the last quarter, compared with an operating loss of $ 19 million in the corresponding period last year. In the last quarter, IAI sales totaled more than $ 1 billion, an increase of almost 17 % Compared to the corresponding quarter in 2018. The IAI says...